exactly the reason why so many people are hesitant to invest in NFT that are based from arts. because the value are so illiquid and even if it says it was valued millions of dollars if there is no one to buy then it's the same as valueless.
I think NFT games are better in terms of liquidity than the NFT art ones since NFT games usually have quite good market volume for their game.
also, lets be frank sometimes NFT art just doesn't make sense, feels like a market manipulation since sometimes the NFTs that good famous are like very random, there is no pattern for the NFT arts to be success instead it's just random attempt.
Topic: Crypto NFT is illiquid and prone to a big loss (Read 305 times)
Some people say, NFT is a big hype but we should be looking really closely to what most NFT's really are: useless and prone to loss.
NFT were launched as digital art to give up for sale and it got famous very fast because of hype. But as every hype, a justification needs to be searched and if NFT is really valuable to be bought for a high price.
But in reality, NFT has a huge risk:
Everyone needs to know about NFT: NFT's are completely illiquid. Each NFT needs a single buyer who decides to buy it and it will be really, really hard for you, to find someone willing to buy your single NFT.
Someone needs to see your NFT on Open Sea and pay your price.
A NFT is not like a coin or a token, where much liquidity is around because a coin or a token has many units to be requested by buyers. On exchanges, it is quite easily to sell your coins because liquidity is around. But no liquidity is around for a NFT. Your NFT needs a single buyer.
So many people are willing to buy BTC or a different coin, but how about YOUR single NFT? Not so much!
It is very unlikely to get a buyer for your single NFT because wise people will know how hard it will be to sell it again. So almost nobody wants to buy a NFT.
Some NFT are already dyed out and a statistic recently has shown a 90% loss of price for a wide range of NFT.
NFT is only interesting, when it's newly launched and it is hyped. But for re-selling, used NFT's are quite unpopular and likely to make a big loss.
NFT is just illiquid and prone for a big loss.
NFT were launched as digital art to give up for sale and it got famous very fast because of hype. But as every hype, a justification needs to be searched and if NFT is really valuable to be bought for a high price.
But in reality, NFT has a huge risk:
Everyone needs to know about NFT: NFT's are completely illiquid. Each NFT needs a single buyer who decides to buy it and it will be really, really hard for you, to find someone willing to buy your single NFT.
Someone needs to see your NFT on Open Sea and pay your price.
A NFT is not like a coin or a token, where much liquidity is around because a coin or a token has many units to be requested by buyers. On exchanges, it is quite easily to sell your coins because liquidity is around. But no liquidity is around for a NFT. Your NFT needs a single buyer.
So many people are willing to buy BTC or a different coin, but how about YOUR single NFT? Not so much!
It is very unlikely to get a buyer for your single NFT because wise people will know how hard it will be to sell it again. So almost nobody wants to buy a NFT.
Some NFT are already dyed out and a statistic recently has shown a 90% loss of price for a wide range of NFT.
NFT is only interesting, when it's newly launched and it is hyped. But for re-selling, used NFT's are quite unpopular and likely to make a big loss.
NFT is just illiquid and prone for a big loss.
I dont think so, people see only the negative aspects of the NFT. I prefer NFT now, but I also invest in coins. I think that NFT Gaming has a great future. I am sure that NFTs can be more popular in the early future. I am following a few NFT projects, some of them are garbage. I want to find an ambitious and interesting NFT-based game and I think that found it. I saw some tweets about the NFT-based game "Reptile Chronicles". Their art was so amazing, especially warrior's pics. Have you heard about this project?
They have new influential partners every day, I subscribed their Twitter and every announcement is amazing. I am sure that this project has a great potential.
Some people say, NFT is a big hype but we should be looking really closely to what most NFT's really are: useless and prone to loss.
NFT were launched as digital art to give up for sale and it got famous very fast because of hype. But as every hype, a justification needs to be searched and if NFT is really valuable to be bought for a high price.
But in reality, NFT has a huge risk:
Everyone needs to know about NFT: NFT's are completely illiquid. Each NFT needs a single buyer who decides to buy it and it will be really, really hard for you, to find someone willing to buy your single NFT.
Someone needs to see your NFT on Open Sea and pay your price.
A NFT is not like a coin or a token, where much liquidity is around because a coin or a token has many units to be requested by buyers. On exchanges, it is quite easily to sell your coins because liquidity is around. But no liquidity is around for a NFT. Your NFT needs a single buyer.
So many people are willing to buy BTC or a different coin, but how about YOUR single NFT? Not so much!
It is very unlikely to get a buyer for your single NFT because wise people will know how hard it will be to sell it again. So almost nobody wants to buy a NFT.
Some NFT are already dyed out and a statistic recently has shown a 90% loss of price for a wide range of NFT.
NFT is only interesting, when it's newly launched and it is hyped. But for re-selling, used NFT's are quite unpopular and likely to make a big loss.
NFT is just illiquid and prone for a big loss.
NFT were launched as digital art to give up for sale and it got famous very fast because of hype. But as every hype, a justification needs to be searched and if NFT is really valuable to be bought for a high price.
But in reality, NFT has a huge risk:
Everyone needs to know about NFT: NFT's are completely illiquid. Each NFT needs a single buyer who decides to buy it and it will be really, really hard for you, to find someone willing to buy your single NFT.
Someone needs to see your NFT on Open Sea and pay your price.
A NFT is not like a coin or a token, where much liquidity is around because a coin or a token has many units to be requested by buyers. On exchanges, it is quite easily to sell your coins because liquidity is around. But no liquidity is around for a NFT. Your NFT needs a single buyer.
So many people are willing to buy BTC or a different coin, but how about YOUR single NFT? Not so much!
It is very unlikely to get a buyer for your single NFT because wise people will know how hard it will be to sell it again. So almost nobody wants to buy a NFT.
Some NFT are already dyed out and a statistic recently has shown a 90% loss of price for a wide range of NFT.
NFT is only interesting, when it's newly launched and it is hyped. But for re-selling, used NFT's are quite unpopular and likely to make a big loss.
NFT is just illiquid and prone for a big loss.
I dont think so, people see only the negative aspects of the NFT. I prefer NFT now, but I also invest in coins. I think that NFT Gaming has a great future. I am sure that NFTs can be more popular in the early future. I am following a few NFT projects, some of them are garbage. I want to find an ambitious and interesting NFT-based game and I think that found it. I saw some tweets about the NFT-based game "Reptile Chronicles". Their art was so amazing, especially warrior's pics. Have you heard about this project?
They have new influential partners every day, I subscribed their Twitter and every announcement is amazing. I am sure that this project has a great potential.
Some people say, NFT is a big hype but we should be looking really closely to what most NFT's really are: useless and prone to loss.
NFT were launched as digital art to give up for sale and it got famous very fast because of hype. But as every hype, a justification needs to be searched and if NFT is really valuable to be bought for a high price.
But in reality, NFT has a huge risk:
Everyone needs to know about NFT: NFT's are completely illiquid. Each NFT needs a single buyer who decides to buy it and it will be really, really hard for you, to find someone willing to buy your single NFT.
Someone needs to see your NFT on Open Sea and pay your price.
A NFT is not like a coin or a token, where much liquidity is around because a coin or a token has many units to be requested by buyers. On exchanges, it is quite easily to sell your coins because liquidity is around. But no liquidity is around for a NFT. Your NFT needs a single buyer.
So many people are willing to buy BTC or a different coin, but how about YOUR single NFT? Not so much!
It is very unlikely to get a buyer for your single NFT because wise people will know how hard it will be to sell it again. So almost nobody wants to buy a NFT.
Some NFT are already dyed out and a statistic recently has shown a 90% loss of price for a wide range of NFT.
NFT is only interesting, when it's newly launched and it is hyped. But for re-selling, used NFT's are quite unpopular and likely to make a big loss.
NFT is just illiquid and prone for a big loss.
NFT were launched as digital art to give up for sale and it got famous very fast because of hype. But as every hype, a justification needs to be searched and if NFT is really valuable to be bought for a high price.
But in reality, NFT has a huge risk:
Everyone needs to know about NFT: NFT's are completely illiquid. Each NFT needs a single buyer who decides to buy it and it will be really, really hard for you, to find someone willing to buy your single NFT.
Someone needs to see your NFT on Open Sea and pay your price.
A NFT is not like a coin or a token, where much liquidity is around because a coin or a token has many units to be requested by buyers. On exchanges, it is quite easily to sell your coins because liquidity is around. But no liquidity is around for a NFT. Your NFT needs a single buyer.
So many people are willing to buy BTC or a different coin, but how about YOUR single NFT? Not so much!
It is very unlikely to get a buyer for your single NFT because wise people will know how hard it will be to sell it again. So almost nobody wants to buy a NFT.
Some NFT are already dyed out and a statistic recently has shown a 90% loss of price for a wide range of NFT.
NFT is only interesting, when it's newly launched and it is hyped. But for re-selling, used NFT's are quite unpopular and likely to make a big loss.
NFT is just illiquid and prone for a big loss.
I dont think so, people see only the negative aspects of the NFT. I prefer NFT now, but I also invest in coins. I think that NFT Gaming has a great future. I am sure that NFTs can be more popular in the early future. I am following a few NFT projects, some of them are garbage. I want to find an ambitious and interesting NFT-based game and I think that found it. I saw some tweets about the NFT-based game "Reptile Chronicles". Their art was so amazing, especially warrior's pics. Have you heard about this project?
NFT Art collection can have an appreciating value over time when the artist is a known one. The problem with NFT art today is that they are created by some random people mostly copied from the internet and is sold at an unreasonable high price.
even we can see many pictures of garbage which they sell at a high price in the NFT market.what might be a little convincing is NFT's assets from game project development. they have values and functions to work with. not just a stored art asset that has no function.
Some people say, NFT is a big hype but we should be looking really closely to what most NFT's really are: useless and prone to loss.
NFT were launched as digital art to give up for sale and it got famous very fast because of hype. But as every hype, a justification needs to be searched and if NFT is really valuable to be bought for a high price.
But in reality, NFT has a huge risk:
Everyone needs to know about NFT: NFT's are completely illiquid. Each NFT needs a single buyer who decides to buy it and it will be really, really hard for you, to find someone willing to buy your single NFT.
Someone needs to see your NFT on Open Sea and pay your price.
A NFT is not like a coin or a token, where much liquidity is around because a coin or a token has many units to be requested by buyers. On exchanges, it is quite easily to sell your coins because liquidity is around. But no liquidity is around for a NFT. Your NFT needs a single buyer.
So many people are willing to buy BTC or a different coin, but how about YOUR single NFT? Not so much!
It is very unlikely to get a buyer for your single NFT because wise people will know how hard it will be to sell it again. So almost nobody wants to buy a NFT.
Some NFT are already dyed out and a statistic recently has shown a 90% loss of price for a wide range of NFT.
NFT is only interesting, when it's newly launched and it is hyped. But for re-selling, used NFT's are quite unpopular and likely to make a big loss.
NFT is just illiquid and prone for a big loss.
NFT were launched as digital art to give up for sale and it got famous very fast because of hype. But as every hype, a justification needs to be searched and if NFT is really valuable to be bought for a high price.
But in reality, NFT has a huge risk:
Everyone needs to know about NFT: NFT's are completely illiquid. Each NFT needs a single buyer who decides to buy it and it will be really, really hard for you, to find someone willing to buy your single NFT.
Someone needs to see your NFT on Open Sea and pay your price.
A NFT is not like a coin or a token, where much liquidity is around because a coin or a token has many units to be requested by buyers. On exchanges, it is quite easily to sell your coins because liquidity is around. But no liquidity is around for a NFT. Your NFT needs a single buyer.
So many people are willing to buy BTC or a different coin, but how about YOUR single NFT? Not so much!
It is very unlikely to get a buyer for your single NFT because wise people will know how hard it will be to sell it again. So almost nobody wants to buy a NFT.
Some NFT are already dyed out and a statistic recently has shown a 90% loss of price for a wide range of NFT.
NFT is only interesting, when it's newly launched and it is hyped. But for re-selling, used NFT's are quite unpopular and likely to make a big loss.
NFT is just illiquid and prone for a big loss.
I dont think so, people see only the negative aspects of the NFT. I prefer NFT now, but I also invest in coins. I think that NFT Gaming has a great future. I am sure that NFTs can be more popular in the early future. I am following a few NFT projects, some of them are garbage. I want to find an ambitious and interesting NFT-based game and I think that found it. I saw some tweets about the NFT-based game "Reptile Chronicles". Their art was so amazing, especially warrior's pics. Have you heard about this project?
If you look at a product in terms of function, it will always make a difference in everyone because Game fans will certainly like every product related to the Game, as well as an artist who knows how to appreciate an image that other people think may be just trash.
So don't judge an image if you're not an artist and neither is a gamer who can't appreciate a mining tool because that's not what he needs.
So don't judge an image if you're not an artist and neither is a gamer who can't appreciate a mining tool because that's not what he needs.
Just like me, the game I'm playing right now uses the NFT idea which wasn't in the game in the first place and I'm enjoying it so much because I am a gamer from my childhood until today. I think these are the same feelings the artist have when they see their arts getting more exposure nowadays with the help of NFT productions and not only that, they can also sell it and be one of the popular artists that will gonna be of the main person who will raise the NFT status in the metaverse.
even we can see many pictures of garbage which they sell at a high price in the NFT market.
what might be a little convincing is NFT's assets from game project development. they have values and functions to work with. not just a stored art asset that has no function.
If you look at a product in terms of function, it will always make a difference in everyone because Game fans will certainly like every product related to the Game, as well as an artist who knows how to appreciate an image that other people think may be just trash.what might be a little convincing is NFT's assets from game project development. they have values and functions to work with. not just a stored art asset that has no function.
So don't judge an image if you're not an artist and neither is a gamer who can't appreciate a mining tool because that's not what he needs.
NFT Art collection can have an appreciating value over time when the artist is a known one. The problem with NFT art today is that they are created by some random people mostly copied from the internet and is sold at an unreasonable high price.
even we can see many pictures of garbage which they sell at a high price in the NFT market.what might be a little convincing is NFT's assets from game project development. they have values and functions to work with. not just a stored art asset that has no function.
I'd say in short NFT is scam.
Why should someone need to pay ridiculous amount to obtain an art while you can actually download it for free lol. Since crypto is pseudonymous where you can see which address send the token and which address send the NFT, but you don't know who behind of those address. It's possible a same person bought his own NFT with huge amount money to make people think this art is really expensive, so when this art is hyped, people really want to buy it. Easy money for him and the buyer will rekt.
Thats true however not all are like that and to generalized all nft as scam is totally not appropriate. If nft were scammed then why it keeps trending and getting attention. Artist made some money from their art isnt that helpful? It doesnt mean you dont like it its already scam. Many projects on nft are legit, you just need to check which one is true on their words and has actual means to it.Why should someone need to pay ridiculous amount to obtain an art while you can actually download it for free lol. Since crypto is pseudonymous where you can see which address send the token and which address send the NFT, but you don't know who behind of those address. It's possible a same person bought his own NFT with huge amount money to make people think this art is really expensive, so when this art is hyped, people really want to buy it. Easy money for him and the buyer will rekt.
We cant deny there are scams happening on nft but to say nft is scam at all? I dont know. Youll find arguement here from nft collectors and avid fans.
Some people say, NFT is a big hype but we should be looking really closely to what most NFT's really are: useless and prone to loss.
It is because most NFT projects implement a Ponzi scheme-like method where the economy depends solely on the newcomers' investment.,NFT were launched as digital art to give up for sale and it got famous very fast because of hype. But as every hype, a justification needs to be searched and if NFT is really valuable to be bought for a high price.
Definitely a hype, I believe that the initial market of NFT's are manipulated by some people to make it look like an item that is in demand creating a highly inflated price.But in reality, NFT has a huge risk: ...
Any market that is modeled from a Ponzi scheme system without any utility has definitely a huge risk.NFT is just illiquid and prone for a big loss.
I highly agree.Anyone can make NFT's and then call it an art, sold and hope that in the future it will have a value, but that is not always the case. As in the case of art collections in real life that can appreciate overtime, NFT's are not as far as I' concern.
Quote
What is NFT example?
Non-fungible tokens can digitally represent any asset, including online-only assets like digital artwork and real assets such as real estate. Other examples of the assets that NFTs can represent include in-game items like avatars, digital and non-digital collectibles, domain names, and event tickets.
Non-fungible tokens can digitally represent any asset, including online-only assets like digital artwork and real assets such as real estate. Other examples of the assets that NFTs can represent include in-game items like avatars, digital and non-digital collectibles, domain names, and event tickets.
NFT Art collection can have an appreciating value over time when the artist is a known one. The problem with NFT art today is that they are created by some random people mostly copied from the internet and is sold at an unreasonable high price.
Can't agree with you while BAYC are making their life like space lol.
Even some unreleased nft's make their utility to use, reptile chronicles for example are making something new and interesting as they said during AMAs in gaming perspective, so you need to keep an eye on new projects to see what NFTs are about
Even some unreleased nft's make their utility to use, reptile chronicles for example are making something new and interesting as they said during AMAs in gaming perspective, so you need to keep an eye on new projects to see what NFTs are about
Yeah, that's one scenario, and it means that the NFT industry is just based on pure hype alone.
You can see it especially right now because all NFT's are down. No hype = no value in NFT's. A bear market will kill so many NFT's if most NFT's won't be forgotten anyways.
It's like has invented paper, brushes and colors for the first time... and all people around are creating some "art" became "artists" proposing their "creation" even if in reality... they are not remotely artists. it's plenty of examples of completely useless or ugly NFT that has really nothing to as innovative!
the real problem is that ... there are too many NFTs!
a bit like the CK cryptokitties ... there are too many of them and many have a real market value of 0, practically have any real use ... it's more expensive create a list of an item like this then the real value to be earned.
I am wondering if these items will be identified one day in the future like "blockchain antiques"
the real problem is that ... there are too many NFTs!
a bit like the CK cryptokitties ... there are too many of them and many have a real market value of 0, practically have any real use ... it's more expensive create a list of an item like this then the real value to be earned.
I am wondering if these items will be identified one day in the future like "blockchain antiques"
NFTs are meant to be collected and the price varies over the period of time but the problem here is the constancy of the creators of NFTs where they keep making new ones.
Anyone can make NFT's and then call it an art, sold and hope that in the future it will have a value, but that is not always the case. As in the case of art collections in real life that can appreciate overtime, NFT's are not as far as I' concern.Plus, there are some people all around the world who are interested in art, but not enough patrons per artist ratio, whereas in the NFT world there was a situation where investors were waiting for people to create some NFT so that they would invest and each release got minted in a minute. So, we can't really talk about the same thing when we look at art vs nft, they are different in nature.
NFT Assets grow in price very quickly and fall very quickly. There is a lot of manipulation in this market when the owners of NFT tokens buy their assets from another wallet.
It's also a very convenient way to understate taxes when you buy your NFT for $100,000 and then sell it to yourself for $50,000. You have a loss of $50,000.
It's also a very convenient way to understate taxes when you buy your NFT for $100,000 and then sell it to yourself for $50,000. You have a loss of $50,000.
thats if you talk about usual nfts, but m2e and p2e especially p2e have a great potential for long term investments, things like game, top-notch arts, novels for games, i have one p2e project (reptile chronicles), which i follow for 3 weeks, and in my opinion they have a very serious approach, just check that and reply me if im not right
I can't say how competitive it is because I don't see at all how most NFT can be a store of value. Most likely, 99% of NFT's will end up in a big loss.
Yeah, that's one scenario, and it means that the NFT industry is just based on pure hype alone.
You can see it especially right now because all NFT's are down. No hype = no value in NFT's. A bear market will kill so many NFT's if most NFT's won't be forgotten anyways.
In 10 years, almost nobody will be interested to buy a random NFT from 10 years ago.
NFTs are meant to be collected and the price varies over the period of time but the problem here is the constancy of the creators of NFTs where they keep making new ones.
Anyone can make NFT's and then call it an art, sold and hope that in the future it will have a value, but that is not always the case. As in the case of art collections in real life that can appreciate overtime, NFT's are not as far as I' concern.
What if the NFT you bought last year will no longer be popular next year? because the trend inside the NFT industry keeps changing every year. see? this is the problem now, I wonder how they managed to reconcile these two. New NFT and old NFT.
Yeah, that's one scenario, and it means that the NFT industry is just based on pure hype alone.
Some people say, NFT is a big hype but we should be looking really closely to what most NFT's really are: useless and prone to loss.
NFT were launched as digital art to give up for sale and it got famous very fast because of hype. But as every hype, a justification needs to be searched and if NFT is really valuable to be bought for a high price.
But in reality, NFT has a huge risk:
Everyone needs to know about NFT: NFT's are completely illiquid. Each NFT needs a single buyer who decides to buy it and it will be really, really hard for you, to find someone willing to buy your single NFT.
Someone needs to see your NFT on Open Sea and pay your price.
A NFT is not like a coin or a token, where much liquidity is around because a coin or a token has many units to be requested by buyers. On exchanges, it is quite easily to sell your coins because liquidity is around. But no liquidity is around for a NFT. Your NFT needs a single buyer.
So many people are willing to buy BTC or a different coin, but how about YOUR single NFT? Not so much!
It is very unlikely to get a buyer for your single NFT because wise people will know how hard it will be to sell it again. So almost nobody wants to buy a NFT.
Some NFT are already dyed out and a statistic recently has shown a 90% loss of price for a wide range of NFT.
NFT is only interesting, when it's newly launched and it is hyped. But for re-selling, used NFT's are quite unpopular and likely to make a big loss.
NFT is just illiquid and prone for a big loss.
mostly yes, but there is still big part of projects which will pump in nearest future NFT were launched as digital art to give up for sale and it got famous very fast because of hype. But as every hype, a justification needs to be searched and if NFT is really valuable to be bought for a high price.
But in reality, NFT has a huge risk:
Everyone needs to know about NFT: NFT's are completely illiquid. Each NFT needs a single buyer who decides to buy it and it will be really, really hard for you, to find someone willing to buy your single NFT.
Someone needs to see your NFT on Open Sea and pay your price.
A NFT is not like a coin or a token, where much liquidity is around because a coin or a token has many units to be requested by buyers. On exchanges, it is quite easily to sell your coins because liquidity is around. But no liquidity is around for a NFT. Your NFT needs a single buyer.
So many people are willing to buy BTC or a different coin, but how about YOUR single NFT? Not so much!
It is very unlikely to get a buyer for your single NFT because wise people will know how hard it will be to sell it again. So almost nobody wants to buy a NFT.
Some NFT are already dyed out and a statistic recently has shown a 90% loss of price for a wide range of NFT.
NFT is only interesting, when it's newly launched and it is hyped. But for re-selling, used NFT's are quite unpopular and likely to make a big loss.
NFT is just illiquid and prone for a big loss.
NFTs are meant to be collected and the price varies over the period of time but the problem here is the constancy of the creators of NFTs where they keep making new ones. What if the NFT you bought last year will no longer be popular next year? because the trend inside the NFT industry keeps changing every year. see? this is the problem now, I wonder how they managed to reconcile these two. New NFT and old NFT.
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